Home Depot Founder: Obama's Regulations Are Killing Businesses

[Truthseeker420]

You see there is a hole in the gound on the Home Depot property next to the cemetery where Frank Little and a lot of dead Butte union miners from the Speculator - Granite Mountain disaster are buried under a monument erected in 1917..

And the hole needs a patch before Home Deport can build a its 2,165th box store and parking lot on this spot. And that patch job is going to cost $2 million and Home Depot wants Butte-Silver Bow County to split the cost with them and it looks like a done deal..

So I looked to see what Home Depot was capped at on the New York Stock Exchange and they tell me its $75,630 million dollars. So then I think What if a guy come up to you and asked you for a buck even though he had $75,630 in his wallet. Now you might think that is a little strange.

But I guess that is the way they do things at Home Depot and from what I have been finding out, at the top of the Home Depot totem pole, there are some life styles that burn up a lot of money.

Now Home Depot had a CEO who recently moved on to Chrysler. His name is Robert Nardelli and he was hired by co-founders Bernie Marcus and Arthur Blank in 2000 and a good deal that was for the new CEO whose annual pay at Home Depot was $26 million plus perks..And when Nardelli left in January after five years on the job, his going away package was - now get this - $210 million.

Then there is co-founder Arthur Blank who shelled out $545 million for the Atlanta Falcons football team in 2001. And the other co-founder, Bernie Marcus is pumping $200 million into a downtown Atlanta Aquarium to further promote Bernie's benevolent image..

And besides the life styles there are the politics. And people in the Democratic stronghold of Butte might be interested in that union hating Home Depot is part and parcel of the Republican Party money machine.

From my inquiry I can see that the most glorious event in the history of Home Depot took place in Atlanta on a Sunday afternoon in May, 2004. In his private gym, CEO Nardelli, along with the two Home Depot co-founders, hosted a very pricey dinner for George Bush with 300 chosen guests.The dinner itself cost $15,000 a plate and seats at Bush's table went for an additional $50,000 a couple.The three hour gathering earned the Bush campaign a "phenomenal" $3.4 million. The state GOP chairman called it "the largest private fund-raiser in the history of the state of Georgia."

Now to add to the Republican flavor here I will mention that former Home Depot CEO Nordelli, who was just appointed CEO at Chrysler, is one more example of how the Corporate Republican good old boy network, which has all but ruined the country, really works.

You see Chrysler has been recently taken over by a hedge fund outfit called Cerberus Capital Management. John Snow, formerly Bush's treasury secretary is CEO there. And Snow is the guy who led the country into record deficits while pushing for more tax cuts

Better yet, former Vice-President Dan Quayle, a certified neo-conservative war monger, is Cerberus' chairman of global investments. I am not kidding, the same Dan Quayle of potato spelling fame has a real hiigh-profile job at the place and I swear I am not making up a tale..Also neo-con royalty Donald Rumsfeld is an investor in Cerberus which requires a $1 million buy in.

And there's more. The current CEO at Home Depot,.Francis Blake, was formerly the deputy energy secretary in Bush's first term. And remember Tom Ridge the Homeland Security guy who specialized in color coded alerts.. After leaving Homeland Security, Ridge was appointed to the board of directors at Home Depot.

And we can't forget Ashley's Story which was part of the big Republican TV spending spree during the last three weeks of the 2004 campaign. And Ashley's Story" turned out to be the most expensive TV ad buy of the campaign, which blanketed nine key states -- Ohio, Florida, Pennsylvania, Iowa, New Mexico, Nevada, Minnesota, Wisconsin and Missouri. Many give it credit for Bush's win over John Kerry.

Jackie Corr: Home Depot Comes to Butte

 

[Wry Catcher]

You sound like a union thug. You would rather beat a scab worker over the head who was just trying to put food on his table than give up a nickle of your outrageous defined benefit pension.

Kiss my ass, I was a member of the executive managment and had many a battle with business agents on working conditons. That said, I will never and have never crossed a picket line.

So you believe a lucky few connected people should have a job for life followed by a golden retirement while others starve?

I don't believe anyone should starve. I do believe anyone whose argument starts by building a straw man is ill-prepared to engage in a debate on issues. Come back when you have something substantive to offer. Otherwise I will simply ignore you as I do the fool and bigot skookerasbil.

 

[oreo]

You see there is a hole in the gound on the Home Depot property next to the cemetery where Frank Little and a lot of dead Butte union miners from the Speculator - Granite Mountain disaster are buried under a monument erected in 1917..

And the hole needs a patch before Home Deport can build a its 2,165th box store and parking lot on this spot. And that patch job is going to cost $2 million and Home Depot wants Butte-Silver Bow County to split the cost with them and it looks like a done deal..

So I looked to see what Home Depot was capped at on the New York Stock Exchange and they tell me its $75,630 million dollars. So then I think What if a guy come up to you and asked you for a buck even though he had $75,630 in his wallet. Now you might think that is a little strange.

But I guess that is the way they do things at Home Depot and from what I have been finding out, at the top of the Home Depot totem pole, there are some life styles that burn up a lot of money.

Now Home Depot had a CEO who recently moved on to Chrysler. His name is Robert Nardelli and he was hired by co-founders Bernie Marcus and Arthur Blank in 2000 and a good deal that was for the new CEO whose annual pay at Home Depot was $26 million plus perks..And when Nardelli left in January after five years on the job, his going away package was - now get this - $210 million.

Then there is co-founder Arthur Blank who shelled out $545 million for the Atlanta Falcons football team in 2001. And the other co-founder, Bernie Marcus is pumping $200 million into a downtown Atlanta Aquarium to further promote Bernie's benevolent image..

And besides the life styles there are the politics. And people in the Democratic stronghold of Butte might be interested in that union hating Home Depot is part and parcel of the Republican Party money machine.

From my inquiry I can see that the most glorious event in the history of Home Depot took place in Atlanta on a Sunday afternoon in May, 2004. In his private gym, CEO Nardelli, along with the two Home Depot co-founders, hosted a very pricey dinner for George Bush with 300 chosen guests.The dinner itself cost $15,000 a plate and seats at Bush's table went for an additional $50,000 a couple.The three hour gathering earned the Bush campaign a "phenomenal" $3.4 million. The state GOP chairman called it "the largest private fund-raiser in the history of the state of Georgia."

Now to add to the Republican flavor here I will mention that former Home Depot CEO Nordelli, who was just appointed CEO at Chrysler, is one more example of how the Corporate Republican good old boy network, which has all but ruined the country, really works.

You see Chrysler has been recently taken over by a hedge fund outfit called Cerberus Capital Management. John Snow, formerly Bush's treasury secretary is CEO there. And Snow is the guy who led the country into record deficits while pushing for more tax cuts

Better yet, former Vice-President Dan Quayle, a certified neo-conservative war monger, is Cerberus' chairman of global investments. I am not kidding, the same Dan Quayle of potato spelling fame has a real hiigh-profile job at the place and I swear I am not making up a tale..Also neo-con royalty Donald Rumsfeld is an investor in Cerberus which requires a $1 million buy in.

And there's more. The current CEO at Home Depot,.Francis Blake, was formerly the deputy energy secretary in Bush's first term. And remember Tom Ridge the Homeland Security guy who specialized in color coded alerts.. After leaving Homeland Security, Ridge was appointed to the board of directors at Home Depot.

And we can't forget Ashley's Story which was part of the big Republican TV spending spree during the last three weeks of the 2004 campaign. And Ashley's Story" turned out to be the most expensive TV ad buy of the campaign, which blanketed nine key states -- Ohio, Florida, Pennsylvania, Iowa, New Mexico, Nevada, Minnesota, Wisconsin and Missouri. Many give it credit for Bush's win over John Kerry.

Jackie Corr: Home Depot Comes to Butte

So after your thesis here--I guess you'll also be able to explain "away" Steve Wynn's --Las Vegas Casino owner--comments--who btw is a DEMOCRAT and strong supporter of Harry Reid---

And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.

You bet and until we change the tempo and the conversation from Washington, it’s not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don’t want to say that. They’ll say, God, don’t be attacking Obama. Well, this is Obama’s deal and it’s Obama that’s responsible for this fear in America.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don’t invest, their holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government and there’s no need soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.

Steve Wynn: Obama is why businesses are scared to spend money | The Right Scoop

 

[SFC Ollie]

Ah, those evil corporations actually giving people jobs and paying them to come to work......What is the world coming to?

 

[theDoctorisIn]

Anyway what do you expect from a guy like Obama with his "work" history.

Instead of running a business and actually meeting a payroll and navigating the labyrinth of government regulation and red tape he spent his so called career teaching people how to get more shit from the government.

Well said. I think the man actually held a "real" job, briefly, at some magazine and he declared it to be "the most miserable time of his life".

Says a lot doesn't it?

So, being a Lawyer and a Professor aren't "real" jobs?

What do you base your qualification of a "real" job?

 

[Zona]

While President Obama insists only a “balanced” approach to the debt crisis that includes higher taxes is acceptable, the founder of one of America’s most successful retail businesses claims the president doesn’t have a clue about the economy. Home Depot founder Bernie Marcus told Investors Business Daily in an interview yesterday the president hasn’t the faintest idea of how jobs are created, but businessmen are intimidated into silence about the administration’s faulty policies. According to Marcus:

They are frightened to death — frightened that they will have the IRS or SEC on them. In my 50 years in business, I have never seen executives of major companies who were more intimidated by an administration.

Home Depot Founder: Obama

This is why I go to Lowes.

 

[IndependntLogic]

While President Obama insists only a “balanced” approach to the debt crisis that includes higher taxes is acceptable, the founder of one of America’s most successful retail businesses claims the president doesn’t have a clue about the economy. Home Depot founder Bernie Marcus told Investors Business Daily in an interview yesterday the president hasn’t the faintest idea of how jobs are created, but businessmen are intimidated into silence about the administration’s faulty policies. According to Marcus:

They are frightened to death — frightened that they will have the IRS or SEC on them. In my 50 years in business, I have never seen executives of major companies who were more intimidated by an administration.

Home Depot Founder: Obama

Well I think Obama sucks but I'm suspect of this article because:

1. He's a Major Player in the GOP whose business was highly dependent on the Housing Industry that burst before Obama took office
2. He's claiming it's Obama's policies - none of which he cites, specifically (except the one that doesn't even take effect for another 3 years and probably won't ever take effect) that is the cause of his problems.
3. Other than the disaster called ObamaCare, this guy hasn't passed any new biz regs. SO when they say policies as in plural, I scratch my head at the propaganda.

 

[Truthseeker420]

Ah, those evil corporations actually giving people jobs and paying them to come to work......What is the world coming to?

Corporations don't give you anything. They trade with you. Economics 101. And usually don't keep up their end of the contract which is one of the reasons our courts are so full.

But that just shows you the screwed up beliefs of Republicans

 

[SFC Ollie]

Ah, those evil corporations actually giving people jobs and paying them to come to work......What is the world coming to?

Corporations don't give you anything. They trade with you. Economics 101. And usually don't keep up their end of the contract which is one of the reasons our courts are so full.

But that just shows you the screwed up beliefs of Republicans

So corporations like Home Depot don't provide jobs? I'm sorry i thought that's what you called it when you went to the same place 5 days a week and someone gave you money for doing it.

 

[Moonglow]

Businesses are now just holding their noses waiting for the stench of this Presidency to go away in 2012. They're in a holding-freeze on hiring. Once this guy is gone,they will likely begin hiring again. Make 2012 count America.

Where I live there is many, many compnaies hiring, why don't you do something else besides draw SS and bitch.

 

[Skull Pilot]

Anyway what do you expect from a guy like Obama with his "work" history.

Instead of running a business and actually meeting a payroll and navigating the labyrinth of government regulation and red tape he spent his so called career teaching people how to get more shit from the government.

Well said. I think the man actually held a "real" job, briefly, at some magazine and he declared it to be "the most miserable time of his life".

Says a lot doesn't it?

So, being a Lawyer and a Professor aren't "real" jobs?

What do you base your qualification of a "real" job?

Actually he was never a professor but rather he never advanced past lecturer.
And he actually practiced law for only a few years with no notable accomplishments

 

[westwall]

Anyway what do you expect from a guy like Obama with his "work" history.

Instead of running a business and actually meeting a payroll and navigating the labyrinth of government regulation and red tape he spent his so called career teaching people how to get more shit from the government.

Well said. I think the man actually held a "real" job, briefly, at some magazine and he declared it to be "the most miserable time of his life".

Says a lot doesn't it?

So, being a Lawyer and a Professor aren't "real" jobs?

What do you base your qualification of a "real" job?

Obama has never (to the best of our ability to determine) ever had a job outside of academia or politics. In other words he has allways sucked off of the public teat for his living. He has never had to make a payroll or other like things that private sector employees and business owners must do. Thus he lacks "real world" experience. That's not neccessarily a bad thing but it does limit ones perspective.

 

[theDoctorisIn]

Well said. I think the man actually held a "real" job, briefly, at some magazine and he declared it to be "the most miserable time of his life".

Says a lot doesn't it?

So, being a Lawyer and a Professor aren't "real" jobs?

What do you base your qualification of a "real" job?

Actually he was never a professor but rather he never advanced past lecturer.
And he actually practiced law for only a few years with no notable accomplishments

"Senior Lecturer" is a professorial position, just not tenure-track. And why don't these qualify as "real" jobs?

 

[Skull Pilot]

So, being a Lawyer and a Professor aren't "real" jobs?

What do you base your qualification of a "real" job?

Actually he was never a professor but rather he never advanced past lecturer.
And he actually practiced law for only a few years with no notable accomplishments

"Senior Lecturer" is a professorial position, just not tenure-track. And why don't these qualify as "real" jobs?

You said he was a professor. He was not.
Obama has a history of not living up to his much touted potential. Really if he was such a great intellect and leader why did he not excel at any of his so called real jobs?

Obama's main "work" as a community organizer was to teach people how to get more crap from the government at other peoples' expense. Sorry but I don't call that a real job.

 

[uscitizen]

This is the title of the article.

Home Depot Founder: Obama’s Regulations Are Killing Businesses

Can anyone tell me which regulations that Obama has passed that this whiney assed right winger is talking about?
Ones that are killing his business.

 

[Bfgrn]

While President Obama insists only a “balanced” approach to the debt crisis that includes higher taxes is acceptable, the founder of one of America’s most successful retail businesses claims the president doesn’t have a clue about the economy. Home Depot founder Bernie Marcus told Investors Business Daily in an interview yesterday the president hasn’t the faintest idea of how jobs are created, but businessmen are intimidated into silence about the administration’s faulty policies. According to Marcus:

They are frightened to death — frightened that they will have the IRS or SEC on them. In my 50 years in business, I have never seen executives of major companies who were more intimidated by an administration.

Home Depot Founder: Obama

It is a general popular error to suppose the loudest complainers for the public to be the most anxious for its welfare.
Edmund Burke

I'm sure people like Bernie Marcus, who said about the Employee Free Choice Act: "This is the demise of a civilization. This is how a civilization disappears. I am sitting here as an elder statesman and I'm watching this happen and I don't believe it." Then he asked for corporate donations of hundreds of thousands, if not millions, of dollars to prevent America from turning "into France." are whining because for more than a decade they had the GOP in charge.

A period where K-Street replaced Main Street in Washington; environmental laws were eviscerated, corporate lawyers were allowed to author legislation that would plunder and swindle the American workers and consumers. Corporations could offer dogshit health care coverage (mini-meds), while internalizing their profits and externalizing their costs onto the backs of We, the people.

And WHAT did they give us? ZERO job growth for that decade.

"Harry Truman once said, 'There are 14 or 15 million Americans who have the resources to have representatives in Washington to protect their interests, and that the interests of the great mass of the other people - the 150 or 160 million - is the responsibility of the president of the United States, and I propose to fulfill it.'"
President John F. Kennedy

 

[SFC Ollie]

This is the title of the article.

Home Depot Founder: Obama’s Regulations Are Killing Businesses

Can anyone tell me which regulations that Obama has passed that this whiney assed right winger is talking about?
Ones that are killing his business.

Marcus: His speeches are wonderful. His output is absolutely, incredibly bad. As he speaks about cutting out regulations, they are now producing thousands of pages of new ones. With just ObamaCare by itself, you have a 2,000 page bill that’s probably going end up being 150,000 pages of regulations.
How do job creators perceive Obama’s anti-business policies? « Wintery Knight

(from 09)
When Obama announced last week the acceleration of his economic "stimulus," he was referring only to programs run or funded by the federal government. He offered nothing, not even a tiny tax incentive, to encourage investment in business and private job creation. This reflects Obama's policy initiatives across the board. They rely entirely on more government spending, regulation, and control. Obama would dramatically expand government's role in health care, energy, the environment, education, and much more. His "five pillars that will strengthen our economy" consist of spending programs, regulation of Wall Street, and imaginary deficit reduction. There's no role for business.

No doubt Obama would love to see the business community produce more jobs. But he and his congressional allies have done nothing to promote this and quite a bit to restrain it, despite the job-killing recession. This amazed Richard Posner. "Re-regulating banking, hauling bankers before congressional committees, passing laws tightening credit card lending, and capping bonuses all impede recovery," he wrote in the Wall Street Journal. "All that is for later, once the economy is back on track."
An Anti-Business President | The Weekly Standard

Obama's Anti-business regulations - Google Search
over 2 million hits

 

[uscitizen]

Ok that was a vauge reference there to Obamas proposed regulations, pretty fuzzy though. Please name any one regulation already in effect that Obama engineered that the Home Despot guy is referring to?

btw I got this from google as well.

Search string: Pigs with wings.
results: About 8,760,000 results

 

[SFC Ollie]

1. Obama's Illegal Ban on Offshore Oil Exploration
2. Obama's EPA Ban on West Virginia Coal Mining
3. Obama Endorses Offshore Windmill Manufacturer
4. Obama Begs Brazil to Take Oil Industry Jobs Away From America
5. Obama's Falsifies Charges in Attack on the Chamber of Commerce
6. Obama Sues Boeing
7. Obama Pulls Shell's Oil Exploration Permits
8. Encouraged High Gas Prices
8 Ways Obama has Killed Private Sector Jobs in America

Read it. Just to get you started.

But I know there will be soooooooooo many deniers. Fact is Obama and company have hurt business more than helped it. Didn't they say the recession ended something like 2 years ago?

 

[editec]

While President Obama insists only a “balanced” approach to the debt crisis that includes higher taxes is acceptable, the founder of one of America’s most successful retail businesses claims the president doesn’t have a clue about the economy. Home Depot founder Bernie Marcus told Investors Business Daily in an interview yesterday the president hasn’t the faintest idea of how jobs are created, but businessmen are intimidated into silence about the administration’s faulty policies. According to Marcus:

They are frightened to death — frightened that they will have the IRS or SEC on them. In my 50 years in business, I have never seen executives of major companies who were more intimidated by an administration.

Home Depot Founder: Obama

I notice he couldn't be bothered to mention even one "stifling regulation" that was hurting his business

Not one.